If you’re looking for a loan against a luxury watch in Jo’burg, we can help.
LoanAgainst offers fast, discreet and competitive loans against personal assets, from cars or yachts to luxury watches.
In this article, we cover:
- the potential investment value of a luxury watch
- what’s involved in getting a loan against a watch
- factors that determine the loan value for a luxury watch
- how to get a loan against a watch in Johannesburg.
Investment value of luxury watches
Physical assets, such as jewellery or a luxury watch, can be part of a well-diversified investment portfolio. Especially in volatile or uncertain times, they’re considered a stable, low-risk asset type.
Predictions that smartphones would make watches redundant have proved totally incorrect – at least when it comes to high-end watches. Demand for status timepieces remains high.
As a bonus, luxury assets such as high-end watches can be used as collateral, to secure short-term loans.
The resale value of a luxury watch helps determine the loan amount it can secure. This will depend primarily on the watch’s make and model.
Not all luxury brands perform equally well over time.
Some, however, offer outstanding returns. For example, the right models of certain brands, like Rolex or Patek Phillipe, consistently gain in value.
You can be fairly certain of making a profit when you sell a watch in this category.
Getting a loan secured by a watch
At LoanAgainst, we offer short-term loans that are secured by personal assets of value.
This type of loan is known as a short-term, asset-based loan. The loan is secured by the asset, which serves as collateral.
The lender keeps the asset for the duration of the loan term. Once the principle loan amount and agreed interest are repaid, the asset is returned.
An asset-based loan is one of the most straightforward loan types. There’s no guesswork, and no need for time-consuming approval processes or credit checks.
It’s purely the value of the asset that secures the loan (and determines the loan amount that’s offered).
What determines the loan amount we offer for a luxury watch
Factors that affect the resale value of a watch (and therefore the loan it can secure) include its
- make and model, as noted above
- age and, in some cases, historical ownership
- rarity, which helps determine market demand
- condition
- whether you still have the original box and papers.
What you need to get a loan against a watch
The process for getting a loan against a luxury watch is straightforward. Simply contact us or start an online application, and tell us a little about the watch (its make, model and condition).
We’ll give you a preliminary loan offer straight away. Then we’ll need to appraise the watch in order to give you a final loan offer.
If you’re happy to go ahead, we’ll ask for proof of ownership of the watch (preferably an invoice), a copy of your ID and proof of address.
Once a loan agreement is finalised, we deposit the loan amount directly into your account – typically on the same day.
How to get a loan against a luxury watch in Jo’burg
At LoanAgainst, we offer loans against all luxury watch brands, from Rolex and Patek Philippe to Tag Heuer, Chopard, Vacheron Constantin, Jaeger-LeCoultre, Omega, Audemars Piguet, Blancpain and more.
The loan amounts we offer depend purely on the assessed resale value of the watches.
Why consider LoanAgainst?
- a reputable financial services provider
- competitive interest rates that comply with National Credit Regulations
- multiple branches across South Africa
- no hidden charges or early settlement penalties
- no effect on your credit rating (we don’t share information with credit bureaus).
Our process is simple, fast and discreet. To get a loan against a luxury watch in Jo’burg or any of our other branch locations, take the first step – simply complete and submit our online application form.
